Stephanie Whitney
We have been working in Math of Finance with the monthly payment formula. M = P r ( 1 + r )ⁿ ( 1 + r )ⁿ - 1. M is the amount of the monthly payment. P is the principal, r is the monthly rate, n is the number of payments. The students are familiar with how to use the formula and how to enter it into their calculators. ................
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